Cohere
Early Stage
The value of owning a home, the freedom of renting and community wherever you go
Overview
Raised: $99,799
Total Commitments ($USD)
Platform
Wefunder
Start Date
01/20/2022
Close Date
09/30/2022
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$3,000,000
Valuation Cap
$5,500,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$396
# of Investors
139
Momentum
Funded
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Year Founded
2021
Industry
Real Estate & Construction
Tech Sector
Proptech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Cohere, with a valuation of $5.5 million, is raising funds on Wefunder. The company has created a network of co-living communities to facilitate coherence. The members of the community own shares of a diversified real estate portfolio across the world and get the freedom of renting and community wherever they go. Cohere is in the process of acquiring land in Ecuador, and due diligence is underway for additional locations. Dakotah Apostolou founded Cohere in May 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for marketing, operations, land and equipment acquisition, and business development.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-41,148 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$65,352 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$65,352 |
$0 |
|
Short-Term Debt |
$4,000 |
$0 |
|
Long-Term Debt |
$100,000 |
$0 |
|
Total Liabilities |
$104,000 |
$0 |
Financials as of: 01/20/2022
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